Muhlenkamp & Co. Inc. lowered its position in shares of Golar LNG Partners LP (NASDAQ:GMLP) by 0.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 260,795 shares of the shipping company’s stock after selling 245 shares during the period. Golar LNG Partners makes up about 1.6% of Muhlenkamp & Co. Inc.’s investment portfolio, making the stock its 23rd largest position. Muhlenkamp & Co. Inc. owned approximately 0.37% of Golar LNG Partners worth $5,234,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. OppenheimerFunds Inc. raised its stake in shares of Golar LNG Partners by 19.9% during the first quarter. OppenheimerFunds Inc. now owns 5,426,511 shares of the shipping company’s stock valued at $121,228,000 after purchasing an additional 901,925 shares during the period. Clearbridge Investments LLC raised its stake in shares of Golar LNG Partners by 29.0% during the first quarter. Clearbridge Investments LLC now owns 1,533,549 shares of the shipping company’s stock valued at $34,259,000 after purchasing an additional 345,000 shares during the period. FMR LLC raised its stake in shares of Golar LNG Partners by 11.2% during the first quarter. FMR LLC now owns 1,195,900 shares of the shipping company’s stock valued at $26,716,000 after purchasing an additional 120,300 shares during the period. First Trust Advisors LP purchased a new stake in shares of Golar LNG Partners during the second quarter valued at approximately $9,812,000. Finally, Renaissance Technologies LLC raised its stake in shares of Golar LNG Partners by 884.2% during the first quarter. Renaissance Technologies LLC now owns 281,517 shares of the shipping company’s stock valued at $6,289,000 after purchasing an additional 252,912 shares during the period. Institutional investors own 45.47% of the company’s stock.

Golar LNG Partners LP (GMLP) traded down 0.0435% during mid-day trading on Tuesday, hitting $22.0404. 162,034 shares of the stock were exchanged. Golar LNG Partners LP has a one year low of $18.32 and a one year high of $25.82. The company has a 50-day moving average price of $21.05 and a 200-day moving average price of $21.24. The company has a market cap of $1.56 billion, a P/E ratio of 7.1560 and a beta of 0.94.

Golar LNG Partners (NASDAQ:GMLP) last issued its quarterly earnings results on Wednesday, August 30th. The shipping company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.12. Golar LNG Partners had a return on equity of 31.69% and a net margin of 43.94%. On average, analysts predict that Golar LNG Partners LP will post $1.98 earnings per share for the current fiscal year.

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A number of analysts have recently issued reports on GMLP shares. ValuEngine upgraded shares of Golar LNG Partners from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Morgan Stanley reiterated an “equal weight” rating and set a $22.00 price objective (down previously from $24.00) on shares of Golar LNG Partners in a research note on Tuesday, June 13th. Zacks Investment Research upgraded shares of Golar LNG Partners from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. BidaskClub downgraded shares of Golar LNG Partners from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 10th. Finally, Jefferies Group LLC reissued a “buy” rating on shares of Golar LNG Partners in a research report on Tuesday, August 22nd. Four equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $23.25.

About Golar LNG Partners

Golar LNG Partners LP owns and operates floating storage regasification units (FSRUs) and liquefied natural gas (LNG) carriers under long-term time charters. The Company operates through the LNG market segment. The Company’s fleet consists of approximately six FSRUs and over four LNG carriers. The Company’s FSRU vessels include Golar Spirit, Golar Winter, Golar Freeze, NR Satu, Golar Igloo and Golar Eskimo.

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Institutional Ownership by Quarter for Golar LNG Partners (NASDAQ:GMLP)

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